State of Alaska Department of Revenue Increases Stock Holdings in American Financial Group Inc (NYSE:AFG)

State of Alaska Department of Revenue increased its holdings in American Financial Group Inc (NYSE:AFG) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,782 shares of the insurance provider’s stock after acquiring an additional 234 shares during the quarter. State of Alaska Department of Revenue’s holdings in American Financial Group were worth $1,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AFG. Nordea Investment Management AB raised its position in shares of American Financial Group by 101.0% in the 1st quarter. Nordea Investment Management AB now owns 421,064 shares of the insurance provider’s stock worth $40,511,000 after purchasing an additional 211,586 shares during the last quarter. Pennsylvania Trust Co increased its holdings in American Financial Group by 6,774.4% in the 1st quarter. Pennsylvania Trust Co now owns 226,856 shares of the insurance provider’s stock worth $43,091,000 after buying an additional 223,556 shares in the last quarter. First Hawaiian Bank increased its holdings in American Financial Group by 6.9% in the 1st quarter. First Hawaiian Bank now owns 3,129 shares of the insurance provider’s stock worth $301,000 after buying an additional 203 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in American Financial Group by 8.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,359 shares of the insurance provider’s stock worth $708,000 after buying an additional 600 shares in the last quarter. Finally, Walthausen & Co. LLC increased its holdings in American Financial Group by 7.3% in the 1st quarter. Walthausen & Co. LLC now owns 63,839 shares of the insurance provider’s stock worth $6,142,000 after buying an additional 4,350 shares in the last quarter. 63.05% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the company. ValuEngine upgraded American Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating and set a $112.00 price target for the company. in a research note on Wednesday, July 10th. Finally, Buckingham Research upgraded American Financial Group from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Thursday, June 13th.

Shares of NYSE:AFG traded up $0.75 during mid-day trading on Tuesday, reaching $98.63. 2,247 shares of the company traded hands, compared to its average volume of 325,628. The stock’s 50 day simple moving average is $103.58. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 1.92 and a beta of 0.85. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.25. American Financial Group Inc has a 52 week low of $84.18 and a 52 week high of $114.65.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. American Financial Group’s dividend payout ratio (DPR) is presently 19.05%.

In related news, Director William W. Verity sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $104.07, for a total transaction of $124,884.00. Following the completion of the transaction, the director now directly owns 6,678 shares in the company, valued at approximately $694,979.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Carl H. Lindner III sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.50, for a total value of $5,025,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 205,401 shares of company stock valued at $21,083,827. 11.90% of the stock is currently owned by corporate insiders.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers' compensation insurance; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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